Security News

July 20, 2018

AT&T reveals three more cities for 5G launch by end of year

This post was originally published on this siteAT&T Inc on Friday named Oklahoma City, Charlotte and Raleigh, North Carolina, as three more cities where it plans launch its next-generation wireless network, or 5G, by the end of the year.
July 20, 2018

Microsoft soars past $800 billion in value after bumper results

This post was originally published on this siteShares of Microsoft Corp were set to open at a record high on Friday, after the company reported another blockbuster quarter, backed by growth in its legacy software business and Azure cloud computing services.
July 20, 2018

GE beats diminished profit expectations, trims cash flow target

This post was originally published on this siteU.S. industrial conglomerate General Electric Co reported a smaller-than-expected drop in quarterly profit on Friday as weakness in power and renewables energy offset gains in its aviation, oil and gas and healthcare units.
July 20, 2018

GE quarterly profit drops 28 percent; cash flow target trimmed

This post was originally published on this siteU.S. industrial conglomerate General Electric Co reported a 28 percent drop in quarterly profit on Friday, as weakness in its power and renewables businesses offset gains in its aviation, oil and gas and healthcare units.
July 20, 2018

India’s Wipro first-quarter profit beats estimates

This post was originally published on this siteIndia’s third-largest software services exporter Wipro Ltd reported a two percent rise in first-quarter net profit on Friday, beating estimates, helped by higher revenue from its Banking, Financial Services and Insurance business (BFSI).
July 20, 2018

Cyberattack on Singapore health database steals details of 1.5 million, including PM

This post was originally published on this siteA major cyberattack on Singapore’s government health database stole the personal information of about 1.5 million people, including Prime Minister Lee Hsien Loong, the government said on Friday.
July 20, 2018

SoftBank’s Vision Fund to invest $1 billion in China AI startup: Bloomberg

This post was originally published on this siteSoftBank Group Corp’s Vision Fund is seeking to invest almost $1 billion in SenseTime Group Ltd, a Chinese facial recognition technology developer, Bloomberg reported on Friday.
July 20, 2018

Apple Watch, FitBit could feel cost of U.S. tariffs

This post was originally published on this siteThe latest round of U.S. tariffs on $200 billion of Chinese goods could hit the Apple Watch, health trackers, streaming music speakers and other accessories assembled in China, government rulings on tariffs show.
July 19, 2018

At patent trial, Groupon casts IBM as shaking down other tech companies

This post was originally published on this siteA lawyer for discount e-commerce company Groupon Inc told a court in Delaware on Thursday that International Business Machines Corp has shaken down practically every large tech firm for patent fees.
July 19, 2018

Microsoft beats Wall Street targets on cloud services revenue

This post was originally published on this siteMicrosoft Corp on Thursday posted quarterly profit and revenue that beat analysts’ estimates, as more businesses signed up for its Azure cloud computing services and Office 365 productivity suite.
July 19, 2018

Human Resources Firm ComplyRight Breached

This post was originally published on this siteCloud-based human resources company ComplyRight said this week that a security breach of its Web site may have jeopardized sensitive consumer information — including names, addresses, phone numbers, email addresses and Social Security numbers — from tax forms submitted by the company’s thousands of clients on behalf of employees. Pompano Beach, Fla-based ComplyRight began mailing breach notification letters to affected consumers late last week, but the form letters are extremely vague about the scope and cause of the breach. Indeed, many readers who received these letters wrote to KrebsOnSecurity asking for more information, […]
July 19, 2018

Microsoft beats Wall St targets on cloud services revenue

This post was originally published on this siteMicrosoft Corp on Thursday posted quarterly profit and revenue that beat analysts’ estimates, as more businesses signed up for its Azure cloud computing services and Office 365 productivity suite.
July 19, 2018

Microsoft quarterly results beat as cloud revenue soars

This post was originally published on this siteMicrosoft Corp on Thursday reported quarterly profit and revenue that beat analysts’ estimates, as more businesses signed up for its Azure cloud computing services and Office 365 productivity suite.
July 19, 2018

Meal delivery service DoorDash hires Uber finance head as CFO

This post was originally published on this siteMeal delivery service DoorDash Inc has hired Uber Technologies Inc’s head of finance to be its chief financial officer, which could put the startup closer to an initial public offering and deals another executive loss to Uber.
July 19, 2018

Exclusive: Tesla’s battery maker suspends cobalt supplier amid sanctions concern

This post was originally published on this sitePanasonic said it was unable to determine how much of the cobalt used in batteries it makes for Tesla cars comes from Cuba, a country subject to U.S. sanctions, and that it had suspended relations with a Canadian supplier as a result of its concerns.
July 19, 2018

Fiat Chrysler kicks off Magneti Marelli spin-off

This post was originally published on this siteFiat Chrysler (FCA) has kicked off its planned spin-off of parts maker Magneti Marelli which will be registered in the Netherlands and listed on the Milan stock exchange, a document outlining initial plans and seen by Reuters showed.
July 19, 2018

Tesla says Model 3 refunds not outpacing deposits

This post was originally published on this siteTesla Inc denied on Thursday that refunds of bookings of its Model 3 sedan were now outpacing reservations, responding to a report earlier in the day by a Wall Street brokerage citing channel checks on the electric carmaker.
July 19, 2018

Meal delivery service DoorDash hires Uber’s finance head as CFO

This post was originally published on this siteMeal delivery service DoorDash has hired Uber’s head of finance to be its chief financial officer, putting the startup closer to an initial public offering and dealing another executive loss to Uber Technologies Inc.
July 19, 2018

Exclusive: Britain says Huawei ‘shortcomings’ expose new telecom networks risks

This post was originally published on this siteTechnical and supply-chain issues with equipment made by Chinese firm Huawei have exposed Britain’s telecom networks to new security risks, a government report said on Thursday.
July 19, 2018

Veon cuts management in return to traditional telecoms model

This post was originally published on this siteVeon, the mobile phone operator formerly known as VimpelCom, said it would cut management jobs and simplify its structure as it goes back to basics with a focus on telecom services in emerging markets.
July 19, 2018

Huawei ‘shortcomings’ expose new security risks in UK telecom networks – government report

This post was originally published on this siteProblems with products made by China’s Huawei Technologies have exposed new security risks in Britain’s telecommunications network, a UK government report said on Thursday.
July 19, 2018

Exclusive: Britain pulls back on security endorsement of China’s Huawei – sources

This post was originally published on this siteSenior British security officials say they can give only limited assurances that Chinese firm Huawei’s UK operations pose no threat to national security, downgrading their previous position, two people with knowledge of the matter told Reuters.
July 19, 2018

Leading U.S. coding boot camps Galvanize, Hack Reactor to merge

This post was originally published on this siteDenver-based computer coding training school Galvanize is to acquire competitor Hack Reactor in a deal that brings together two of the largest privately held coding boot camps, the two companies told Reuters.
July 19, 2018

Comcast concedes to Disney in bidding war for Fox assets

This post was originally published on this siteComcast Corp dropped its $66-billion bid for Twenty-First Century Fox Inc’s entertainment assets on Thursday and said it would press on with its bid for European broadcaster Sky Plc , which Fox partly owns.
July 19, 2018

Trump slams EU over $5 billion fine on Google

This post was originally published on this siteU.S. President Donald Trump on Thursday criticized the European Union and said the bloc was taking advantage of the United States, pointing to the record $5 billion fine European antitrust regulators imposed on Google.